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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: Manufacturers: Battery and hydrogen trains are the future on non-electrified lines. According to estimates, the CNB Council may increase the base interest rate by up to seven percent. The CNB left the limits for mortgages and the credit market protection rate unchanged. The ECB will end asset purchases at the end of June, leaving the base interest rate at zero for now. The ECB wants to favor green companies when buying corporate bonds. Business activity in the eurozone has deteriorated sharply due to inflation. The Swiss Central Bank has raised interest rates for the first time in 15 years. Analysis: 91 percent of companies did not publish their financial statements for last year on time. May inflation was 1.1 percentage points higher than the CNB estimated. The Polish central bank has raised the base interest rate to six percent. According to the prime minister, Sri Lanka needs at least five billion USD for basic goods. In May, Germany reported a foreign trade deficit for the first time since 1991. The Polish central bank has raised the base interest rate to six percent. This year, courts declared 341 corporate bankruptcies, 41 fewer than a year ago. The Czech Republic's foreign debt rose to 4.665 trillion crowns in the first quarter. Study: In the Czech Republic, bankruptcies of companies and entrepreneurs decreased in the first half of the year. CNB: Household deposits in banks increased slightly by 3.5 billion CZK in May. Australia raised the main interest rate by half a percentage point. CNB Governor Michl: Reducing inflation will be the priority. Older banknotes expired today, they can be exchanged. G7 countries are moving towards a ban on gold imports from Russia, the EU may also join. According to the association, including heating plants in the sectoral tax would jeopardize their modernization. The company Rubikonfin received a securities dealer license from the Czech National Bank. The České Budějovice bishopric deepened its loss, which is due to the repairs of monuments. OECD: Global changes to corporate taxes could be in effect from 2024. Study: The number of personal bankruptcies fell by a tenth to 7,468 in the first half of this year. About 3,000 businesses have already gone bankrupt in Poland this year, the most in five years. Colombian and Venezuelan entrepreneurs are preparing to open the border. Fitch has worsened the assessment of global sovereign debt. In the new programming period, the Liberec Region wants CZK 1.2 billion in subsidies for events. UBS: The Eurozone is heading towards stagflation, economic growth will almost stop this year. Powell: The Fed will not let the US economy slip into a higher inflation regime. The koruna strengthened slightly today after the appointment of three new members of the CNB bank board. Analysts: The CNB used 86 billion CZK from foreign exchange reserves to defend the koruna in May. The Slovak central bank has worsened its economic growth estimate, expecting higher inflation. Komerční banka was fined 7.5 million CZK by the CNB for violating mortgage rules. The Accolade group is investing over 1.5 billion CZK in Spain, newly in Seville.

Stock exchanges: Russia's share in the largest platinum project in Zimbabwe is deterring investors. Citigroup: Oil will be more expensive this year and next year, contrary to original assumptions.

Finance: List News: Tykač has the CNB's approval to increase his stake in Moneta to 20 percent. PayPal will allow cryptocurrencies to be moved to external wallets. French bank BNP Paribas is interested in Dutch ABN Amro, writes Reuters. Šmejc: As head of PPF Group, I am more willing to connect with partners in transactions. Deutsche Bank will stop issuing cash over the counter in most branches. The Financial Stability Board will propose global rules for regulating cryptocurrencies.